Armenia’s government reduces investment requirement for VAT deferment

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Economy

17.04.2014, 14:42

Armenia’s government decided to reduce the minimum investment requirement for a three-year deferment in VAT payments from 300 million down to 200 million drams at its sitting Thursday.

Armenia’s government reduces investment requirement for VAT deferment

YEREVAN, April 17. /ARKA/. Armenia’s government decided to reduce the minimum investment requirement for a three-year deferment in VAT payments from 300 million down to 200 million drams at its sitting Thursday.

The VAT deferment was granted if an investment program exceeding 300 million drams was submitted or approved.

The bill envisaging reduction of the requirement to 200 million was adopted by the parliament and is now reflected in the respective government decree, acting minister finance of Armenia David Sargsyan said at the government meeting. ($1=414.27drams). –0--

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